econ - -Net exports(Xn Income Approach(GDP National income...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Components of national income: - Compensation of employees - Rents - Interest - Proprietor’s income - Corporate profits o Corporate income taxes o Dividends o Undistributed corporate profits - Taxes on production & imports Expenditures Approach (GDP): - Personal consumption expenditures © - Gross private domestic investment (Ig) - Government purchases (G)
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: -Net exports (Xn) Income Approach (GDP): National income – net foreign factor income + statistical discrepancy + consumption of fixed capital = Gross domestic product (GDP) Income Approach (NDP): Gross domestic product – consumption of fixed capital (depreciation) = Net domestic product (NDP)...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern